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Six Figure Follow-On Investment for Reel Labels to Meet Growing Demand for Specialist Printing

Buddsoddiad Dilynol Chwe Ffigur ar gyfer Reel Labels i Ateb y Galw Cynyddol am Argraffu Arbenigol

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Gymraeg

The Development Bank of Wales has completed a further six figure investment in Reel Label Solutions to allow the Pontyclun-based printing specialist business to scale up production capacity to meet growing demand.

Having completed a management buy-out in May 2022 that was funded by a £1.2 million mix of equity and debt from the Development Bank, Reel Label Solutions has achieved forecast growth in the last year. The latest funding  has been used to finance a new Tau RSCE manufactured BY Durst. This latest machine is 1200 dpi and will produce digital labels at an even higher quality level. The press will help the business with its growth, improve its uptime and reduce waste and energy usage in the business. It is one of just six machines in the UK.

Jonathan Wright, Reel Label Solutions

The Managing Director of Reel Label Solutions is Jonathan Wright. He said:

“The initial support from the Development Bank at the time of the management buy-out put us in a position of real strength to build a long-term sustainable future.

“The Bank has stayed true to its word and stood by us as we’ve grown over the last year. This latest investment is a real vote of confidence in our business, giving us the extra growth funding required to invest in the latest printing technology as we scale up production to meet growing demand.”

Sam Macalister Smith  is a Portfolio Executive with the Development Bank. He said:

“From day one, Jonathan and the team have demonstrated their commitment to maintaining their reputation for being able to deliver high quality labelling while also growing their customer base. Our continued support means that they can make additional investment in their production facilities with the latest printing press technology.”

The follow-on funding for Reel Label Solutions came from the £216 million Wales Business Fund is financed by the European Regional Development Fund and the Welsh Government. Loans, mezzanine finance, and equity investments are available for deals between £50,000 and £2 million with terms ranging from one to seven years for small and medium-sized businesses (those with fewer than 250 employees) based in Wales, or willing to relocate to Wales.

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The Development Bank of Wales funds businesses that they think will benefit Wales and its people. The ones that will create ripples of growth- those that are more than a good business model or a great idea. They finance responsible businesses – those with a strong social, ethical and environmental standards, as well as real commercial promise.

By providing sustainable, effective finance where options have seemed limited, they bring ambitions to life and fuel possibilities for people, businesses and communities in Wales and beyond.

The Development Bank’s ‘big picture’ view means it can often help with debt and equity finance when options seem limited, doing whatever it takes to make a positive difference, bringing together the right people and working collaboratively to find a way to make things happen for Welsh businesses and for Wales.

Its teams are embedded in local communities, working out of regional offices that give customers direct access to key decision-makers and signposted avenues of support. They understand what’s happening in Wales’ villages, towns and cities – the challenges and the opportunities. They see the potential for business growth as a catalyst for enhancing lives and communities in Wales and beyond.

For more information, visit the Development Bank website at www.developmentbank.wales to find out more.

 

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